Arcos Dorados Holdings Inc. announced on January 24, 2025, that its subsidiary, Arcos Dorados B.V., priced $600,000,000 aggregate principal amount of 6.375% Senior Notes due 2032. The Notes were issued at a price of 99.583%.
These new senior unsecured notes will mature on January 29, 2032, and are guaranteed on a senior unsecured basis by Arcos Dorados Holdings Inc. and certain of its subsidiaries. This successful pricing indicates strong market confidence in the company's financial health.
The proceeds from this offering are intended to be used to fund the previously announced cash tender offer for the company's outstanding 5.875% Notes due 2027 and for general corporate purposes. This transaction effectively extends the maturity profile of a portion of the company's debt.
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